Authorities with potential responsibility for digital assets are stepping up moves for the development of a legal corridor where they will be covered.

Building legal frameworks for digital assets is an urgent need to effectively manage this expanding market, according to experts.

The rapid development of digital assets, especially blockchain–based ones, and the emergence of new business models have posed unprecedented issues to policymakers around the world on how to ensure their proper development.

Encouraged by the great success of Axie Infinity, Vietnamese startups are becoming increasingly self-confident in entering choosy markets.

The Vietnam Blockchain Union (VBU) will hold the first congress in mid-May, aiming to establish an organisation to connect the technology business community and provide consultancy to related agencies to develop policies and legal frameworks on technology, digital assets, and currencies.